Polymarket has hired a dedicated representative in Japan to seek government authorization for the platform, setting up a prolonged push against some of the world’s most restrictive gambling laws. The company is targeting official approval by 2030. The effort is being led by Mike Eidlin, a crypto industry veteran who previously ran Japan operations for…
Prediction market provider Polymarket filed to list parlays in sports event contracts in the U.S. on Wednesday, according to a self-certification filing with the Commodity Futures Trading Commission. Polymarket filed to list “combinatorial outcome contracts” on Wednesday, describing these event contracts — the official term for prediction markets — as combining two or more underlying…
Polymarket is facing renewed scrutiny over how it resolves disputed markets. A Wall Street Journal analysis of blockchain data found that the anonymous token holders ruling on contested bets are often the same people who placed them. The platform outsources dispute resolution to UMA, a decentralised oracle protocol governed by token holders. The WSJ found…
A U.S. Senate that’s struggled to move crypto market structure legislation moved like lightning on Thursday to ban themselves from participating in prediction markets. Acting on a simple, 14-line resolution pushed by Ohio Republican Senator Bernie Moreno, the Senate agreed unanimously to put a restriction between members and the increasingly popular, controversial betting platforms that…
Key Takeaways: Météo France filed a complaint with Roissy airport gendarmerie after two CDG sensor anomalies on April 6 and April 15 aligned with Polymarket payouts totaling roughly $34,000. Meteorologist Paul Marquis of E-Meteo Service ruled out natural causes, concluding physical intervention with a heat device was the most probable explanation. Polymarket switched its Paris…
The U.S. Commodity Futures Trading Commission is leaning into artificial intelligence and automation as it faces massive new oversight responsibilities, according to congressional testimony from Chairman Mike Selig, even as his agency’s workforce has declined significantly under the administration of President Donald Trump. About a quarter of the CFTC’s staff has left since 2025, under…
Commodity Futures Trading Commission Chairman Mike Selig told CoinDesk that the agency will continue to defend its “exclusive regulatory authority” to oversee prediction markets in court. “It doesn’t matter if it’s on sports, politics or anything else, if it’s a validly offered product within a CFTC-regulated exchange, then we regulate that,” Selig said. You’re reading…
Polymarket is a decentralized prediction market platform where you trade on real-world events using crypto and earn based on correct outcomes. It works as a “YES/NO” market where you buy shares based on what you believe will happen, like “Will Bitcoin cross $100K before December 2026?” and your profit depends on the final result. You…
Prediction market platform Polymarket has partnered with data analytics firm Palantir to develop monitoring tools for its sports-related prediction markets. According to the companies, the technology will analyse trading behaviour in real time and flag unusual market movements that may require review. Expanding Integrity Controls The move reflects growing attention to integrity monitoring as prediction…
Prediction markets Kalshi and Polymarket are facing backlash following trading activity tied to Iran airstrikes and the reported death of Iran’s Supreme Leader, Ali Khamenei. Kalshi CEO Tarek Mansour defended the platform’s handling of a market centered on whether Khamenei would be removed as Supreme Leader, emphasizing that the company does not allow markets that…